This course is an introduction to the use of laboratory methods in economics for undergraduates. Much of the course will be a
review of some of the more exciting things economists have discovered about markets, human rationality and
human sociality through experimental inquiry. However, the course will also cover important methodological
tools used in designing, running and making use of experimental data. Throughout the course you will run,
participate in and analyze sample classroom experiments, exposing you to a wide variety of experimental designs.

In addition, much of this class will center around readings posted on this website. These readings are not optional or supplemental but are essential parts of the class. You are expected to read these throughout the course. It is also highly recommended that you skim these readings while finding a topic for your class project.

Reproduce a plot like 4.2 from Holt using the data you
collected and analyze what the data tells us.

Decisions 0 and 2 test the Allais Paradox; decisions 0 and 5
test the reflection effect.Calculate,
based on the data you collected, what choices were made in each type of game
and analyze to determine whether we have evidence of the Allais Paradox and the
reflection effect in our data.

Determine whether any other decisions from the chapter 28
experiment correspond to the Allais Paradox or Reflection Effect; if so analyze
choices and determine whether we see evidence of these regularities there.

On the Extension Experiment, report the percentage of each
choice made for each decision.

Are there any other interesting patterns in the data? What do you think lies behind your results?